workforce reduction
600 Paramount Skydance Employees Resign Following CEO's Strict Return-to-Office Mandate
Nov 12, 2025 10:15 pm CST
Following the $8 billion Paramount-Skydance merger, approximately 600 employees have resigned rather than comply with new CEO David Ellison's five-day office attendance requirement, costing the company $185 million in severance amid a larger $1.7 billion restructuring plan that includes increased AI implementation and operational streamlining.
IBM Cuts Thousands of Jobs While Pivoting Toward High-Margin Software and AI Cloud Services
Nov 05, 2025 07:48 am CST
IBM announces workforce reduction affecting a low single-digit percentage of its 270,000 global employees as the company strategically shifts focus to high-margin software and AI-driven cloud services under CEO Arvind Krishna's leadership. Despite 35% stock growth this year, recent slowdown in cloud software segment has raised investor concerns about IBM's positioning in the competitive cloud services market.
Inside Amazon's Latest Layoffs: How Employees Received Termination Notices and What Comes Next
Nov 03, 2025 05:15 pm CST
Amazon recently implemented another round of corporate layoffs affecting 14,000 positions, with employees receiving termination notices via text messages and emails. Senior VP Beth Galetti's formal communication informed affected staff about restricted badge access, 90-day pay continuation, and support services including severance packages and job placement assistance. CEO Andy Jassy described the cuts as necessary to streamline operations and accelerate AI adoption across the company.
TCS Implements Record Job Cuts as AI Transformation and US Relations Reshape India's IT Sector
Oct 21, 2025 11:45 am CST
Tata Consultancy Services has executed its largest-ever workforce reduction of 19,755 employees amid AI adoption and US-India tensions. The tech giant aims to cut 2% of staff by March 2025 due to skill mismatches while adapting its business model to navigate changing immigration policies and technological shifts in the $280 billion Indian IT services industry.
Nestle Announces Major Restructuring: 16,000 Jobs to Be Cut Globally Under New CEO's Transformation Strategy
Oct 16, 2025 05:20 pm CST
Nestle plans to eliminate 16,000 jobs worldwide over the next two years as part of a major restructuring effort under new CEO Philipp Navratil. This strategic move aims to save one billion Swiss francs, with 12,000 white-collar positions affected. The announcement comes amid declining sales and follows recent leadership challenges, including a bottled water controversy in France and executive departures.
TCS Clarifies: Only 6,000 Employees Released Despite Exaggerated Layoff Reports in IT Sector Restructuring
Oct 09, 2025 09:51 pm CST
India's largest IT services company TCS has officially confirmed releasing only 1% or approximately 6,000 employees as part of its restructuring initiative, contradicting widely circulated reports of much higher numbers. CHRO Sudeep Kunnumal emphasized the company's commitment to handling the process with empathy while maintaining its vision to become the world's largest AI-led tech services company. Despite the restructuring, TCS continues to hire and has onboarded 18,500 new employees in the last quarter.
Lufthansa Announces 4,000 Administrative Job Cuts by 2030 Amid German Economic Downturn
Sep 29, 2025 03:10 pm CST
German airline giant Lufthansa plans to eliminate 4,000 administrative positions by 2030, representing nearly 4% of its workforce, as the company embraces digital transformation and artificial intelligence while navigating Germany's ongoing economic recession. The cuts will primarily affect administrative roles rather than operational positions across the group's airlines including Eurowings, Austrian, Swiss, Brussels Airlines, and newly acquired ITA Airways.
Bosch Cuts 13,000 Jobs in Germany: How Global Competition and EV Transition Are Reshaping the Automotive Industry
Sep 26, 2025 01:45 am CST
German industrial giant Bosch announces 13,000 job cuts in its automotive division, representing 10% of its German workforce, as the company faces shifting global demand, slower electric vehicle adoption, and intense price competition in China. The cuts are part of a broader crisis affecting Germany's automotive sector, with major manufacturers like Volkswagen also planning significant workforce reductions amid declining sales and profitability challenges.
Laid Off By DOGE, Trump Administration Calls Federal Employees Back To Work
Sep 24, 2025 03:55 pm CST
Hundreds of federal employees who lost their jobs in Elon Musk's cost-cutting blitz are being asked to return to work.
"I Was Just Cut Off": Google Lays Off Over 200 AI Contractors, Says Report
Sep 16, 2025 05:08 pm CST
Tech giant Google has reportedly laid off more than 200 contractors working on its artificial intelligence projects, including Gemini and AI Overviews.